What to Do With Severely Under Rented Properties (without losing all your tenants)
Annual rent increases usually go along with inflation thereabout and thus, aren't a big deal. But sometimes you have severely under-rented properties, typically on inherited tenants in properties you've bought. And nowadays, the rental market has gone so crazy almost every property is under-rented to one degree or another.
So how do you go about raising the rent on such units? Should you bring it to market immediately or slowly increase it over time. Well, it kind of depends. Please let us explain on what it depends and how you should approach this sticky issue.
For more, please subscribe to our YouTube channel.
Also, check out Andrew's Substack: https://andrewsyrios.substack.com/
Check out our other videos:
How to Find a Real Estate Deal with No (or little) Money
How to Find Your FIRST Private Lender | Real Estate Investing 101
Don't Get Discouraged: How to Find Deals in a Super Hot Market
There Is NOT Going to be a Tsunami of Evictions | Eviction Moratorium Ending (Eventually)
Action Comes BEFORE Motivation
Regret is a Choice | How to Deal with Regret When Investing (and with life in general)
The One Trait That Separates the Wealthy and Those Buried in Debt
The Lockdowns Did Not Work. Stop Doing Them.
"Every day is a new life to the wise man."
The Righteous Mind
Star Slate Codex
Consulting by RPM